Coal Truck

Welcome to the Global Coal Exit List

The Global Coal Exit List (GCEL) is a unique, public database, which provides key statistics on companies throughout the entire thermal coal value chain. It aims to capture the world’s coal industry as a whole and serves as an information source and a divestment tool for the finance sector.

Register here to view and download the full data.

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Coal is the single biggest contributor to climate change, and phasing out investments in the coal industry is the single most important step financial institutions can take to protect our climate. According to the 2018 IPCC report, coal-fired power generation must decrease by 78% by 2030 if we want to keep the 1.5°C limit within reach. Achieving this goal requires immediate action by banks and investors.

The GCEL is a practical tool that enables financial institutions to identify the ‘coal content’ of their portfolios, to avoid new coal investments and to accelerate their departure from the coal industry. Since our database was first published in 2017, 200 financial institutions have become registered users of the GCEL. Many leading investors are now using our database not only to assess coal-related risks in their portfolios, but to plan and execute meaningful divestment steps.

The 2019 GCEL lists around 2,300 companies (parents and subsidiaries). It provides key information on these companies’ coal share of revenue (CSR), coal share of power production (CSPP), installed coal-fired capacity and annual coal production. It also identifies, which companies are planning an expansion of coal mining or coal power activities or are developing other coal infrastructure.

Our research mainly relies on public data provided by the companies themselves. Most of the information in the GCEL is extracted from companies’ reporting documents, investor presentations and their websites. Other important sources are publications by government agencies and stock exchanges.

Urgewald strives to facilitate impactful coal divestment and provide data on which financial institutions, academics, NGOs and journalists can rely on. We will continue refining the GCEL to incorporate new parameters and improve its data density. We aim to set the benchmark when it comes to capturing coal sector data and providing it in a way that is tailored to the needs of responsible investors.



Global Coal Exit List

Company Headquarter Absolute criteria Relative criteria Expansion criteria
PT Akbar Indo Makmur Stimec Tbk
Indonesia csr
PT Anugrah Karya Raya (AKR Coal)
AKR (Guangxi) Coal Trading Co Ltd. (AGCT)
Indonesia csr
PT Duta Buana Mandiri
PT Energitama Bumi Arum (EBA)
Indonesia csr
PT Madhucon Indonesia
Indonesia csr
PT Multi Harapan Utama
Indonesia csr
PT PLN (Persero) (Perusahaan Listrik Negara)
Majapahit Finance BV (MF) | Majapahit Holding BV (MH) | PT Artha Daya Coalindo | PT Bukit Pembangkit Innovative (BPI) | PT Guo Hua Taidian PJB (GHTPJB) | PT Indo Raya Tenaga | PT Indonesia Power (IP) | PT Jambi Prima Coal | PT Pelayaran Bahtera Adhiguna | PT Pembangkitan Jawa Bali (PJB) | PT PLN Batubara | PT Shen Hua Guo Hua PJB (SGPJB) | PT Sumbagselenergi Sakti Pewali (SSP) | PT Sumber Segara Prima Daya (S2P)
Indonesia >10GW csr | cspp
PT Rich Coal Indonesia
Indonesia csr
PT Vietmindo Energitama
Indonesia csr
Rajasthan Rajya Vidyut Utpadan Nigam Limited
India csr | cspp
Reading Anthracite Co
USA csr
Reliance Infrastructure Ltd
Reliance Energy Ltd
India csr | cspp
Reservoir Capital Group
ContourGlobal Kosovo LLC | ContourGlobal LP | ContourGlobal Power Holdings S.A. | ContourGlobal plc | Sochagota SA
RMU Kamengrad d.d. Sanski Most
Bosnia and Herzegovina
Rosebud Mining Co
USA csr
RPSG Group / Haldia Energy
Far Eastern Generating Co JSC | JSC RAO Energy System of East | OAO Amurskaya Generatsiya | PJSC Magadanenergo | PJSC Sakhalinenergo | Rushydro Capital Markets DAC
Sarawak Energy Bhd Group
Balingian Energy Minerals Sdn Bhd | Global Energy Minerals Sdn Bhd | Gobel Industry Sdn Bhd | Mukah Energy Minerals Sdn Bhd | Mukah Mining Services Sdn Bhd | Mukah Power Generation Sdn Bhd | Sarawak Coal Resources Sdn Bhd | Sarawak Energy Resources Sdn Bhd | SEB Power Sdn Bhd | Sejingkat Power Corp | Syarikat SESCO Berhad
SEPC Power Pvt Ltd
Shandong Innovation Group
Shikoku Electric Power Co Inc

For Investors – Get the list with ISIN codes

We provide a special version of the Global Coal Exit List with common financial identifiers (ISIN, Bloomberg Ticker, etc.) on request. We also offer in-depth webinars on the list.

What's so special about the Global Coal Exit List?

We also list private companies that engage in coal-related business activities, which is especially valuable to insurance companies.

Users of the Global Coal Exit List

Our database has more than 200 registered users from the finance sector.
Financial Institutions representing nearly US$ 10 trillion Assets under Management are applying one ore more of the Global Coal Exit List criteria.

Support our Research is a platform free of charge. However, it is based on a years-long and extremely costly research. Please help Urgewald with your donation.